Budget 2016 expectations: Don’t compromise macro stability

Budget 2016 expectations: In the backdrop of a weak global macroeconomic environment, the Union Budget FY2017 could play a vital role in improving business and market sentiments as it will lay down the government's fiscal consolidation, infrastructure investment and tax reform plans.

Written by Guest

New Delhi

February 22, 2016 15:22 IST

Budget 2016 expectations: In the backdrop of a weak global macroeconomic environment, the Union Budget FY2017 could play a vital role in improving business and market sentiments as it will lay down the government’s fiscal consolidation, infrastructure investment and tax reform plans.

Reinvigorating the growth aspirations without compromising on macro stability (fiscal deficit) is the crucial balancing act that the FY2017 budget will have to achieve.

Subsidy rationalisation should continue with direct benefit transfer for food and fertilizer subsidies. Other steps like revitalising rural economy by emphasizing on agricultural growth and PSU bank recapitalization on the back of asset quality issues are expected.”
By Jyoti Vaswani, Chief Investment Officer, Future Generali Life Insurance

This article was first uploaded on February twenty-two, twenty sixteen, at twenty-two minutes past three in the afternoon.